Civil Rights Groups Oppose Proposition to Privatize Fannie Mae and Freddie Mac

Treasury proposes privatizing Fannie Mae, Freddie Mac
By Lois A. Bowers, www.mckightseniorliving.com

The Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) would be privatized under a 53-page plan released Thursday by the Treasury Department to reform the housing finance system.

“An effective and efficient federal housing finance system will … meaningfully contribute to the continued economic growth under this Administration,” U.S. Treasury Secretary Steven T. Mnuchin said in a statement.

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